Franchise

Franchise

Franchising is a business opportunity that's somewhere between buying an existing business and launching a startup in terms of creativity, independence and risk. A franchisee buys a license from a franchisor to be a dealer of that business model. The owner of the franchise sells a product or service through its franchisees.

In exchange for an initial set-up fee and a monthly payment, the franchisor provides the franchisee a business model, marketing supplies, staff-training assistance, managerial consulting and a pre-existing supply chain. Also, the franchisee benefits from the franchisor's economies of scale, receiving access to prices that a business owner may not otherwise get running a single shop.

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The International Franchise Board Tries to Dig Up Details on Labor Board's 'Joint Employer' Decision

The IFA plans to file a request with the National Labor Relations Board to disclose the reasoning behind deeming franchisors 'joint employers.'

Chipotle Employees Claim the Chain Isn't as Worker-Friendly as You Think

Employees at the burrito chain are suing for wage theft in two states.

Finding Success as a Female Franchisee in a Male-Dominated Industry

'The Flooring Girl' has made her gender an asset in the flooring business.

As Football Season Approaches, Buffalo Wild Wings Raises Prices

The chicken wings chain said that rising chicken costs means menu prices will increase by 3 percent.

Franchise Players: Finding a Balanced Life as a Pure Barre Franchisee

Lauren Fike loved the challenges of commercial real estate, but knew she needed an outlet for her entrepreneurial spirit that matched her passion for health and fitness.

Taco Bell Now Lets You Order and Pay Ahead by Smartphone

Taco Bell is now the first fast-food chain to offer nationwide mobile ordering and payments for both drive-thru and dining room orders.

Franchise Players: From Finance to a Million-Dollar Franchise

In less than four years, Stacy Huston's Handyman Matter franchise location grossed more than a million dollars.

Franchise Players: Why a Painting Franchise Was the Right Cultural Fit for This Veteran

Stephen Luxion knew CertaPro Painters was the right fit for him because of the tough-love culture, which reminded him of his Air Force roots.

Franchise Players: How This Entrepreneur From a Franchising Family Chose to Open Her Own Signarama

Maggie Harlow knew plenty about franchising before becoming a franchisee. But, she didn't want to take over the family business.

Franchise Players: Why This Serial Entrepreneur Became a Johnny Rockets Franchisee

Five years ago, Marriette Simoni brought her experience as a real estate and luxury brand entrepreneur to the Johnny Rockets franchise.

6 Essential Traits of Successful Entrepreneurs

Are you ready to take the plunge and run a franchise business?

Chicken Craze Continues as Wingstop Plans IPO

Chicken-wings chain Wingstop is plotting a $100 million IPO, according to reports.

Dunkin' Brands: Hitting 2014 Sales Goals Won't Be Easy

The parent company of Dunkin' Donuts and Baskin-Robbins reported a better-than-expected quarterly profit, but said hitting annual sales targets will be a challenge.

Franchise Players: I Became a Franchisee Fresh Out of College

Chris Drucquer became a franchisee soon after graduating college. Twenty-two years later, he says he's just getting started.

The 'Smart Slice' Is Coming: 5 Fast-Food Trends for 2015

From Taco Bell to Dunkin Donuts, fast-food giants are innovating heavily as they look to take a bigger bite of the market.

Iced Coffee Too Cold to Hold? Dunkin' Franchisees Have Final Say on 'Double Cupping.'

Individual franchisees can decide whether to charge customers for putting a foam cup around a plastic cup of iced coffee.

Franchise Players: Why This Entrepreneur Invested in a Trampoline Park Franchise

Phil Stoops found a career as a Sky Zone franchisee after two decades in corporate America.

McDonald's Profit Plunges 30 Percent as Traffic Continues to Fall

The fast-food giant is struggling to retain customers domestically and abroad.

To Franchisees, McDonald's Arches Aren't Looking So Gold

Slipping sales, negative momentum and ‘zero creativity' has franchisees worried, a new survey says.

Does the Franchise Industry Have a Turnover Problem?

For every 10 new franchises that open in the U.S., nine close, according to a new report.

Franchise Players: A Former Cop Takes On Running a Cleaning Franchise

This former police officer went from working in a former war zone in Bosnia to running a Merry Maids franchise.

Franchise Players: How Being Forced to Fire Myself Led to My Career in Franchising

After losing his job on his second day in a new city, Connor Ferguson found a new career in urgent care franchising.

There's Lots of Free Help for Choosing and Funding the Right Franchise Opportunity

Franchises have the allure of a ready-made business but it's more complicated than that.

At Jimmy John's, Sandwich Makers Have to Sign a Noncompete Agreement

Noncompete agreements are often reserved for executives. Why, then, does this sandwich chain ban entry-level workers from working for competitors for two years?

Franchise Players: Why I Became a Franchisee at 40

Lynne Lawson always wanted to be an interior decorator. When she turned 40, she decided it was finally time to leave her career as an IBM exec and take the plunge.
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